Sweden Inflation December 2021


Sweden: Inflation comes in at highest level in 23 years in December

January 14, 2022

Consumer prices with a fixed interest rate (CPIF) rose 1.29% over the previous month in December, accelerating from November's 0.48% rise. December's figure marked the highest reading since January 1993. The pick-up was broad-based, with greater price pressures recorded for housing and utilities, transportation, and food and non-alcoholic beverages.

CPIF inflation in annual terms rose to 4.1% in December, following November’s 3.6%. December's figure marked the highest inflation rate since December 1993. Meanwhile, the trend pointed up, with annual average inflation coming in at 2.4% in December (November: 2.1%).

FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 2.1% in 2022, which is down 0.2 percentage points from last month’s forecast, and 1.8% in 2023.

Author:, Economist

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Sweden Inflation Chart

Sweden Inflation December 2021

Note: Year-on-year and month-on-month variation of consumer price index with a fixed interest rate (CPIF) in %.
Source: Statistics Sweden (SCB).

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